As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche ...
FRANKFURT: As Germany rolls out a €750 billion economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG , will be able to weather the economic fallout of coronavirus without state help.
In a statement to Reuters, the finance ministry said:"All Corona-based programmes of the German government are explicitly focusing on the non-banking sectors. There are no plans to extend such programmes to other sectors."The government believes the aid package has bought Germany three months of breathing space, three of the sources said. Nevertheless, a debate has begun over what could be done to reinforce the banks should the need arise.
"But if additional support is required for the banking sector, the government will do it. All of this assumes, however, that the current measures have failed," Feld said. "It is very apparent that there is a risk build-up," Krahnen said."In the end, the accumulation of the problems will happen in the financial sector."
Volker Wieland, another member of the council of economic experts, said some steps had already been taken to help banks, including regulatory relief on banking rules and the government’s support to companies.
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